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Last Updated: 04/18/2025

TIAA Bank Bump Rate CD

from TIAA Bank

Last Updated: 04/18/2025

Rating not yet determined1 total votes

1 users don't recommend

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Highlights

APY (Annual Percentage Yield)

0.70%(Verified 06/21/2024)

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Minimum Opening Deposit

Starting at $1,500

Certificate Term

42 months

TIAA Bank Bump Rate CD Review

TIAA Bank Bump Rate CD are offered by TIAA Bank, a bank founded in 1918 and based in New York, NY. TIAA Bump Rate CD are available in 50 states and Washington, DC.

Key Takeaways

Only one CD type available. TIAA Bump Rate CD only offers bump up CD accounts.
Low APY. The maximum annual percentage yield for this account is only 0.70%.
$1,500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
Limited selection of CD terms. TIAA Bump Rate CD only offers one CD term. This limits your options when trying to set up a CD ladder.

Pros & Cons of TIAA Bank Bump Rate CD

Pros

Cons

CDs are insured up to FDIC limits.
Available in 50 states and Washington, DC.
High-interest yield.

Poor selection of CD terms.
There isn't a no-penalty CD option.
Does not offer an IRA CD.

TIAA Bank Bump Rate CD FAQ

Are CD from TIAA Bank federally insured?

Yes, your TIAA Bank CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does TIAA Bank offer?

TIAA Bump Rate CD provides the following types of CDs.

Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
Bump-up CDs. Bump-up CDs allow you to increase the interest rate you earn on your savings if the going interest rates rise. These CDs are useful in a changing interest rate environment.

What rates does TIAA Bank offer on its CDs?

The CD rates for this account have an APY of0.70% (APY stands for annual percentage yield, rates may change).

What terms does TIAA Bump Rate CD offer?

TIAA Bank offers CD terms of the following lengths:

TIAA Bank Bump Rate CD Rates & Terms

Description

Certificate Term

42 months

APY (Annual Percentage Yield)

0.70%

What is the minimum deposit to open a CD account with TIAA Bank?

TIAA Bump Rate CD require a minimum deposit of $1,500 to open an account.

What is the grace period for TIAA Bump Rate CD?

There is a 10-day grace period for TIAA Bump Rate CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does TIAA Bank charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the term ends.

TIAA Bank charges an early withdrawal fee.

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Message from TIAA Bump Rate CD

Bump your rate, pump up your earnings. A high yield CD that could go even higher! If our rates start to climb, we don’t want you to miss out. Open your Bump Rate CD today, and lock in a one-time rate bump option.

Contact

Headquarters

730 3rd Ave

New York, NY 10017

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Email Support

Hours of Operation

Sunday

Closed

Monday

8:00AM - 9:00PM

Tuesday

8:00AM - 9:00PM

Wednesday

8:00AM - 9:00PM

Thursday

8:00AM - 9:00PM

Friday

8:00AM - 9:00PM

Saturday

Closed

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SuperMoney Net Recommendation Score

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